NAB RCAL Exam Questions & Answers.
Breakeven Point? - CORRECT ANSWER total cost = total revenue
Working capital ratio - CORRECT ANSWER current
... [Show More] assets / current liabilities
Acid-test (quick) ratio - CORRECT ANSWER (cash + AR + short-term investments) / current liabilities
debt to assets ratio - CORRECT ANSWER total liabilities/total assets
FTE (full time equivalent) - CORRECT ANSWER total number of hours per employee in a week / 40 (i.e. 12+14+40+30 div. by 40)
Profit margin - CORRECT ANSWER NOI/Tot. Revenue. Defined as "income to sales. 2 types, gross prof margin and net prof margin)
Net Operating Income (NOI) - CORRECT ANSWER Total (gross) Revenue - operating expenses
Occupancy rate - CORRECT ANSWER (# of resident days/facility beds) x 365
HCS - CORRECT ANSWER Hazard Communication Standard. OSHA standard requiring employers to inform workers of potentially hazardous chemicals.
Balance sheet formula - CORRECT ANSWER Assets = Liabilities + Shareholders Equity
EBITDA - CORRECT ANSWER Earnings before interest, taxes, depreciation, and amortization
Amortization - CORRECT ANSWER the reduction of a loan balance through payments made over a period of time
revenue cycle management - CORRECT ANSWER resident needs->service planning->staffing->billing/collections->
FICA SS Tax and Medicare Tax - CORRECT ANSWER 6.2% and 1.45%
4 elements of a valid contract - CORRECT ANSWER agreement, consideration, contractual capacity, legality (in writing) "ACCL"
Liability insurance usually covers.. - CORRECT ANSWER Bodily injury and property damage
Lock out tag out - CORRECT ANSWER For all electrical equipment
safe electrical practices - CORRECT ANSWER National Electrical Code or NEC
Following NFPA Life Safety Code - CORRECT ANSWER fire plan, regular fire drills, detectors, training on procedure, non combustable furnishing/draperies
Extinguisher class A - CORRECT ANSWER ordinary combustibles such as wood/paper
Extinguisher Class B - CORRECT ANSWER For flammable liquids and gas fires (grease, paint)
Extinguisher class C - CORRECT ANSWER Live electrical equipment (panelling) [Show Less]